South African listed media group Primedia has completed three acquisitions valued at R40-million. This follows Primedia’s recent successful placement of R150-million of perpetual preference shares. The company said on Thursday that the acquisitions will bolster existing businesses as well as further diversify its media base.
Even if the latest round of the protracted Doha trade negotiations broke down, it was imperative for developing countries to deepen trade among themselves, the World Economic Forum (WEF) summit heard on Wednesday. Trade and Industry Minister Mandisi Mpahlwa was speaking at an update session of the Doha negotiations at the three-day WEF summit on Africa.
South African left-hander Cassius Baloyi knocked out Mexican veteran Manuel Medina in the 11th round in Washington on Wednesday for the vacant International Boxing Federation junior lightweight crown. Baloyi appeared to be outboxed for much of the fight but then came alive in the 11th and dropped Medina three times to end it.
Johannesburg detectives have discovered another body buried in Moffat Park — the third in six months, The Star reported on Thursday. The three victims were buried within 500m of each other at the park near Rosettenville, south of the city. All had shirts or jerseys wrapped tightly around their heads, raising fears of a serial killer in the area.
United Nations said hospitals were still overcrowded and lacked basic supplies to treat the mass of injured. The death toll rose to 6Â 234 while the number of those hurt in the disaster more than doubled to about 46Â 000, with more than 33Â 000 of them suffering serious injuries.
Africa’s largest steel producer Mittal Steel SA will cut 800 jobs through voluntary severance packages by the end of 2006, CEO Davinder Chugh said on Thursday. Of these 800 jobs, about 350 will be at the company’s largest plant at Vanderbijlpark. The Congress of South African Trade Unions (Cosatu) said on Thursday it was outraged at Mittal’s plan.
Charges of plagiarism reflect the ascendance of a legalistic discourse rooted in the English-speaking tradition, writes Rosalind Morris.
<b>CDs OF THE WEEK:</b> Lloyd Gedye takes a listen to two debut albums from the new crop of South African rock.
Kelly Fletcher speaks to defunct band Fetish about why they’ve chosen this moment to release their old demos.
<b>MOVIE OF THE WEEK:</b> From the director of <i>American Pie</i>, <i>American Dreamz</i> has enough intelligence embedded in its concept and script to lift it above the level of mere gross-out, writes Shaun de Waal.